
Money Management Quiz
Quiz
•
Life Skills
•
7th Grade
•
Medium
Heather Donn
Used 4+ times
FREE Resource
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Which of the following is an example of a fixed expense?
Groceries
Rent
Entertainment
Clothing
2.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Which of the following is a benefit of using a credit card responsibly?
Earning interest on your balance
Building a good credit history
Avoiding all fees
Getting free money
3.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Why is it important to save money?
To have funds for emergencies
To spend more on entertainment
To avoid paying taxes
To borrow less from friends
4.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
What is interest?
A fee paid for borrowing money
A type of bank account
A monthly bill
A form of insurance
5.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Which of the following is a variable expense?
Mortgage payment
Utility bill
Car payment
Subscription service
6.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
What is a credit score?
A measure of your financial health
The amount of money in your bank account
The interest rate on a loan
The balance on your credit card
7.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Why should you avoid carrying a high balance on your credit card?
It can lead to high interest charges
It increases your credit score
It earns you more rewards
It helps you save money
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